When Consumers Cannot Tell the Difference at the Time of Sale

Multiple Choice

When consumers cannot tell the difference at the time of sale between high-quality products and those with defects, strong sales of the low-quality products will tend to depress price and drive the high-quality products from the market. Economists call this

A) the curse of advertising.
B) the imperfect information problem.
C) the brand name problem.
D) an open-access resource.